Balance sheet of Vakrangee is strong.
It shouldn't have solvency or liquidity issues.

Yes, The debt of Vakrangee is increasing.
Latest debt of Vakrangee is -₹35.32 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹84.47 Crs.

Yes, profit is increasing.
The profit of Vakrangee is ₹6.06 Crs for TTM, ₹4.35 Crs for Mar 2024 and ₹1 Crs for Mar 2023.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Vakrangee latest dividend payout ratio is 121.65% and 3yr average dividend payout ratio is 324.44%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Accounts Receivable, Short Term Loans & Advances